retirement

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Retirement

Removal from circulation of stock or bonds that have been reacquired or redeemed.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Retirement

1. The act or process of causing a security to cease to exist. It especially applies to debt securities; when a bond for example matures is said to be retired. However, a stock or other security may also be retired if its issuer buys it back.

2. A situation in which one stops working in one's old age, or at least when one has saved enough money to last the remainder of one's life. Generally, retirement occurs after the age of 65, but this is not a hard-and-fast rule. Both governments and companies offer pensions, annuities, and other plans to provide for one's financial needs in retirement.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

retirement

1. The disposal of a fixed asset at the end of its useful life. Retirement may result in a gain or loss, depending upon any compensation received for the asset and whether the asset is carried at a positive book value.
2. The voiding of a firm's own stock that has been reacquired and is being held as Treasury stock.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

retirement

the termination of an individual's working career at a certain age with the expectation that he or she will no longer undertake paid employment. In the UK the normal retirement age for men has been 65 and for women 60. European law has a big effect on retirement benefits in the UK. For some time it has been required that men and women have the same pension rights in occupational schemes despite differing retirement ages, thereby meaning that women's benefits are more favourable than men's. The European Court of Justice has now ruled that benefits should be the same. This could mean that the retirement age for women will become 65. Another recent innovation, stemming from the Court, is that part-time workers can no longer be excluded from occupational pension schemes. Until recently many occupational pension schemes excluded part-time workers but the Court has ruled that since many part-time employees are female, exclusion could be a form of DISCRIMINATION.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
The most familiar path to investment tax benefits is the use of retirement accounts. Those accounts fall into two main categories: pre-tax and after-tax.
Avoiding a big 50% penalty is worth it, so don't let any more time go by before you arrange for an appropriately sized withdrawal from your retirement accounts.
As might be expected, people with lower incomes were more likely to draw on their retirement accounts. And the likelihood that workers would draw on their retirement funds increased as the size of the financial shock rose, relative to their monthly income.
Meanwhile, JPMorgan seems to be in a state of flux in terms of what to do with its plans to drop commissions in retirement accounts as part of its compliance with the new fiduciary standard.
This potential trap may be avoided by rolling over a portion of the retirement account while maintaining a portion of the account in the deceased spouse's name.
However, holding stocks in a tax-deferred retirement account means giving up some key tax advantages.
Polzer says one possible argument against letting people use retirement account assets to pay for LTCI premiums is that the reduction in assets in an account weakens the saver's ability to withstand investment market downturns.
Unfortunately, by the time this client came to my office, the inherited retirement accounts had already been fully redeemed.
To further illustrate the value of making voluntary contributions, here is the total payoff if you annually invest an additional $2,000 per year into your retirement account (we assume the $2,000 IRA contribution is made at the end of the year).
Gerszt has the utmost experience and know-how to help clients achieve their goals of obtaining gold-backed retirement accounts from beginning to end.
Once again, there are possible tax consequences and early withdrawal penalties one needs to be aware of when taking money from any qualified retirement account or fund.
Individual retirement account assets are now greater than in employer-based retirement accounts such as 401(k)s and 403(b)s, according to a Cogent Research study of 4,000 affluent and high net worth Americans.